Fone4 Communications IPO Details

Fone4 Communications IPO subscription is to open on 25 April and will close on 27 April 2022, Check the Fone4 Communications Subscription Status & Allotment Status.

About Fone4 Communications

Fone4 Communications (India) Limited – An online E-commerce Electronics outfit commenced its business in the year 2014 promoted by its visionary promoter Mr. Sayyed Hamid and headquartered at Cochin, Kerala. Inspired by the growth in the Online E-Commerce segment particularly for electronics and electricals gadgets, the Company developed a robust Technological Platform, wherein customers could buy their desired products through online E-Commerce with attractive offers and more particularly during festive and other seasons.

The company has a wide range of offerings through both online as well as offline platform for electronic gadgets and accessories for Smart Phones, Laptops, Smart Television etc on the likes of Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, LG, Sansui etc.

The company to boost the online E-commerce sales in the State of Kerala, gradually started opening up retail stores at strategic locations and presently the company has 25 showrooms spread at: (Calicut (02), Cochin (06), Kollam (02), Kottayam (02), Malappuram (01), Palakkad (07), Thrissur (02), Trivandrum (03)).

Important Details – Fone4 Communications

May 8, 2014The company was originally incorporated as “Fone4 Communications (India) Private Limited”
March 9, 2022The company was converted into Public Limited Company, consequent upon conversion from Private Limited to Public Company in the name of “Fone4 Communications (India) Limited”.

Objects of the Issue

  • To meet the working capital requirements of the company
  • To meet the Issue Expenses
  • General Corporate Purposes

Fone4 Communications Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,128.06 4,927.98 16,577.39 14,225.44
Total income 4,212.56 6,380.25 5,752.19 15,242.89
Total Expenses 4,085.31 6,111.91 5,607.76 15,010.49
Profit After Tax 8.64 -10.00 -97.78 -155.34

Fone4 IPO Price – Details

DescriptionFONE4 IPO Details
Public IssueInitial Public Issue of upto 68,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 680 lakhs)
Issue Open  Date25-Apr-22
Issue Close Date27-Apr-22
Issue TypeFixed Price
IPO Price Band₹ 10
Face Value ₹ 10
Market Lot 10000 Equity Shares and in multiples thereof
Minimum Order Quantity 10000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Fone4 IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum110000₹ 1,00,000
Maximum220000₹ 2,00,000

Fone4 IPO Lead Managers

  • Finshore Management Services Limited

Fone4 Communications IPO Registrar

  • Cameo Corporate Services Ltd

Fone4 IPO Allotment Date, Listing Date and other Important Dates

DetailsImportant Dates
Bid / Offer Opens on25-Apr-22
Bid / Offer Closes on27-Apr-22
Finalisation of Basis of Allotment02-May-22
Initiation of refunds 04-May-22
Credit of the Equity Shares05-May-22
Listing Date06-May-22

Company Peers – Comparison of Accounting Ratios

  • The company does not have any listed peers which are comparable in terms of business.

Company Registered & Corporate office Office

1st Floor, 45/692-B,
Ashna Arcade, Vylopilly Road,
Thammanam Ernakulam 682032,
Kerala, India

Company Promoters

  • Mr. Sayyed Hamid
  • Mrs Roudha Zerlina

Fone4 Communications IPO – FAQS

What is the Fone4 Communications IPO Price?

The Fone4 IPO price band is 10 per share

When Fone4 Communications IPO will open?

The Fone4 IPO opens on Apr 25, 2022 and closes on Apr 27, 2022

What is the lot size of Fone4 Communications IPO?

The Fone4 Communications IPO lot size is 10000 Equity Shares and the minimum order quantity is 10000 Equity Shares

Who is the Registrar for Fone4 Communications IPO?

The Registrar for Fone4 Communications IPO is Cameo Corporate Services Ltd

How to apply for Fone4 Communications IPO through UPI?

Check the step by step process here – Click here

How to apply for Fone4 Communications IPO through Zerodha?

Check the step by step process here – Click here

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